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Ben
flashcards
21
Other
12th Grade
03/24/2011

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Term
market
Definition
the likely customers for a good service
Term
consumer market
Definition
market consisting of individuals and households who are end-users of goods and services
Term
commercial market
Definition
markets consisting of buyers who purchase items for resale or additional production; also called organizational markets
Term
demographics
Definition
the traits of a specific population- such as birthrate, age distribution, marriage rate, income distribution, educational level, and housing situation
Term
marketing mix
Definition
the combination of product, price, distribution, and promotion to be considered when marketing a good or service
Term
product
Definition
an item( good or service) offered for sale that satisfies consumer demand
Term
distribution
Definition
the activites necessary to physically move goods and services from producer to consumer
Term
psychographics
Definition
buying factors related to lifestyle and phychological influences
Term
market segment
Definition
a distinct subgroup of customers that share certain personal and behavioral characteristics
Term
target market
Definition
the particular market segment that a company plans to serve
Term
free enterprise
Definition
business governed by the laws of supply and demand, not restrained by government interference
Term
sole proprietorship
Definition
business owned by one person
Term
capital
Definition
wealth in the form of money or property owned by a person or business and human resources of economic value
Term
entrepreneur
Definition
risk taker who starts a business
Term
business plan
Definition
guide to start and operate a business
Term
trademark
Definition
name or symbol to identify a business
Term
trademark
Definition
name or symbol to identify a business
Term
logo
Definition
a picture or symbol to represent company
Term
tagline
Definition
a neat little saying for company
Term
business card
Definition
little card showing stuff for customers to contact you
Term
company letterhead
Definition
company letter style on top of letters sent out by business
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